Jurik Generic Trend Indicator with Multi-Price Slope Confirmation

Summary

The indicator applies a Jurik Moving Average separately to high, low, close, and typical price. Its generic trend line is the smoothed typical price; the description notes that this differs from averaging the three separately smoothed high, low, and close series.

Trend state is conveyed through color. The generic line is marked upward when the slopes of all three price-specific averages point up, downward when all point down, and neutral when they disagree. This agreement rule is intended to filter some potential false signals. Traders may use the generic line’s color as a trend signal and watch the individual averages for earlier indications of a possible trend change or reversal. The document explains the indicator’s construction and suggested use but supplies no parameters, chart examples, tests, or evidence of profitability; signal behavior and reliability therefore remain unvalidated here.

Key ideas

• The indicator smooths high, low, close, and typical price separately with the Jurik Moving Average.
• Its generic line is the smoothed typical price, rather than the mean of the other three smoothed series.
• Matching upward or downward slopes across the high, low, and close averages determine directional color.
• Disagreement among those slopes produces a neutral state intended to filter some false signals.
• The individual smoothed series may provide earlier warnings of a possible trend shift, but no validation is shown.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.